UK GDP: expansion hits nearby two-year high, though business investment shrinks – as it happened

“The latest GDP total uncover that a suddenly prohibited and balmy Summer has speedy consumers to spend some-more on eating and celebration out, while Sterling debility has helped to boost trade. By contrast, investment engaged sharply, suggesting that companies are scheming for a weaker economy by scaling behind on spending, with implications for GDP expansion as good as a work market.

With a Brexit understanding still unresolved in a balance, we design a economy to delayed in a stream quarter, as businesses and consumers prop themselves for a eventuality that no resolution is found for a Irish limit issue. The altogether design of a UK economy is however, one of resilience. With stagnation during multi-decade lows and salary accelerating, a strong levels of domicile spending should continue to act as a aegis opposite weakening sectors such as manufacturing, preventing a economy from stalling or worse, contracting.

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